Alternative reinsurance capital

Articles discussing alternative reinsurance capital. Largely sources from third-party investors in the capital markets, alternative reinsurance capital is increasingly being leveraged by reinsurers as a cheaper cost source of risk transfer while for investors the access to reinsurance returns as an investment is growing in popularity.


AXA XL reducing nat cat exposure, making active use of retrocession

AXA XL, the commercial property & casualty insurance and reinsurance arm of the AXA Group, is targeting a reduction in its natural catastrophe exposure over the coming years, as it looks to bring its business results to a sustainable and profitable level. Part of this is a drive to reduce exposure read the full article →

Hudson Structured exits Compre investment as Cinven & BCI acquire legacy specialist

Hudson Structured Capital Management, the investment manager with a reinsurance and insurance-linked securities (ILS) focus, has exited one of its legacy, or run-off sector investments, as specialist Compre has been acquired by private equity firm Cinven and pension benefits investment manager the British Columbia Investment Management Corporation (BCI), providing an read the full article →

Swiss Re sets up its first ILS fund, the Core Nat Cat Fund under 1863 Fund Ltd.

Global reinsurance firm Swiss Re continues to demonstrate its growing commitment to third-party sources of capital and insurance-linked securities (ILS), announcing this morning that it is launching a dedicated ILS fund, the Core Nat Cat Fund, so investors can participate in its natural catastrophe underwriting business. Swiss Re has set up read the full article →

Best of Artemis, week ending 29th November 2020

Here are the ten most popular news articles, week ending 29th November 2020, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish. Ten most read the full article →

ILS funds reserve for COVID BI exposure on some European cat programs

Some insurance-linked securities (ILS) funds that invest in collateralised reinsurance contracts have been setting reserves for potential exposure to business interruption losses due to the COVID-19 pandemic in a handful of the major European catastrophe reinsurance programs, we understand. We're told that these reserves have largely been set in October, with read the full article →

Lloyd’s expects rate to be primary driver of 2021 growth

The Lloyd's insurance and reinsurance market is expecting hardening market conditions to enable its syndicates to grow largely through achieving better rates, with many not expected to assume greater exposures according to plans, CEO John Neal said today. In a sign of the continued underwriters market, this suggests that prudent players read the full article →

Reinsurance could take brunt of COVID second wave losses: Barclays

Reinsurance capital could find itself on the hook for the largest share of COVID-19 losses from second waves of the virus sweeping Europe, with primary insurers largely happy with their loss-picks so far, analysts at Barclays have said. As Europe entered its second wave proper of the COVID-19 coronavirus pandemic in read the full article →

SCOR’s Atropos ILS fund AuM exceeds $1bn, SCOR IP and Coriolis $2.4bn

SCOR Investment Partners, the asset management company of the global reinsurance group SCOR, has continued to add new capital to one of its core insurance-linked securities (ILS) fund strategies, the Atropos, which has now exceeded the $1 billion mark in terms of assets under management. At the same time, SCOR Investment read the full article →

Ariel Re’s private equity buyout from Argo completes

The previously announced acquisition of Ariel Re by private equity investors from its owner Argo Group has now been completed, putting the reinsurance company back on a private footing as a pure-play reinsurance underwriter and manager of third-party capital. Ariel Re will continue to have a focus on both traditional and read the full article →

Hannover Re’s catastrophe retro program dominated by capital markets

Global reinsurance firm Hannover Re has the capital markets at the heart of its core catastrophe retrocession program, with investors supporting some 80% of its aggregate retro and 78% of its Cat XL coverage through K-Cessions. On the whole account side, the capital markets and insurance-linked securities (ILS) investors are a read the full article →